There are thousands upon thousands of car insurance providers, but only few companies dominate the market. Bankrate's insurance editorial staff looked at the financial strength ratings, coverage options, discounts, customer services scores, and financial strength ratings to narrow down the field. They then assigned each company a Bankrate Score. This score is a number ranging from 5.0 to 5.0. It represents how well each scoring category performed.
Geico
Geico is the top choice for car insurance policies that are low cost. They offer very low rates and don't use insurance agents. Additionally, they offer a telematics program called DriveEasy, which analyzes your driving habits. Geico will offer lower rates if drivers are safer and less frequent.
Geico offers a variety of discounts, including multi-policy discounts and multi-vehicle discounts. Save 25% on multi-vehicle policies. You can also combine your auto and home policies with Geico for a bigger discount.
State Farm
State Farm Car Insurance Co is a collection of mutual insurance firms that have branches all over the United States. Its corporate headquarters are located in Bloomington (Illinois). The group has more than 5,000 employees and offers car insurance to individuals, families, and businesses. They have a range of coverage options that will suit any budget.
State Farm car insurance rates vary depending on where you live, what age you are, and what type of coverage you need. However, the company offers many discounts that drivers should take advantage of. For example, drivers who aren't involved in an accident in the past five years can qualify for substantial discounts. Defensive driving classes can also be beneficial for those who have been clean for the past year. Drivers can also take advantage of State Farm's Steer Clear program, which includes a course and driving practice. This program is offered in the United States except for Rhode Island and California.
Progressive
Progressive Car Insurance Company has been in operation for over 75years. It is the third-largest insurance company in the United States and the largest commercial auto insurer. Jack Green and Joseph M. Lewis started the company in 1937. The company is based out of Mayfield Village, Ohio. It provides insurance for all types of vehicles including cars, trucks, and motorcycles.
There are many savings and discounts offered by the company. Progressive offers the option to select the best monthly payment for customers. The system will then recommend coverage according to their budget. Snapshot also has a telematics tool called Snapshot that monitors and adjusts an individual's driving habits to determine the best insurance rate. It has been shown to decrease insurance costs by $146 on average per year. If drivers are involved in high-risk accidents, this technology could increase their premiums.
USAA
USAA Car Insurance gives you peace of heart knowing that your car will be protected from theft and damages. The auto insurer also offers roadside service and tire changes. Based on your coverage level, it also offers rental car reimbursement. USAA states that this service could save you up to 30% on your auto insurance.
The application is very simple and can either be submitted online or by telephone. While you might find it easier to submit the application online than the phone, the company can help you if necessary. An agent will ask about your insurance needs, and the details of your car to determine whether you're eligible.
Travelers
Travelers car insurance offers a variety of options, depending on your needs. The company offers standard, premier, and new-car replacement insurance. There are also two accident forgiveness programs. This covers the difference between your actual car value and your remaining loan amount. It is however more expensive than barebones insurance.
For good drivers, Travelers offers discounts. For example, if your car fleet includes more than one vehicle you will receive an 8% discount. Additionally, if you pay the bill on time, you may get a 3-10% discount. If you have not filed any claims in five years, you can get a discount.